Predictive Discovery in pre-open pending drill results and capital raising

Predictive Discovery (ASX: PDI) has been granted a trading halt by the ASX pending announcements on drill results and a proposed capital raising, with the company's shares placed in pre-open.

Predictive Discovery has not yet indicated which project the results pending are for, but the company has recently been having some exploration success in Burkina Faso.

Just last month the company announced a gold hit of 2 metres at 1.7 ounces per tonne.

The outcome from this discovery, along with other very high grade intersections, is confirmation that the Bangaba Project hosts a high grade gold field with considerable potential.

Originally published at: http://www.proactiveinvestors.com.au/companies/news/18633/predictive-discovery-in-pre-open-pending-drill-results-and-capital-raising-18633.html